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COMBO Co. issued 20,000 shares of its P25 par value ordinary shares and 4,000 shares of its P50 par value preference shares for a total of P350,000 cash and an equipment with acquisition cost of P900, 000, book value of P450, 000 and fair value of P500, 000. On that date, the fair value of ordinary shares is P30.
Problem 1: What amount is allocated to the preference shares and the journal entry to record the issuance of the shares?
the company wants to have a minimum of 50000 cash balance at the end of each quarter.assume cash is borrowed at the
Tracy Company owns 4,000 of the 10,000 outstanding shares of Penn Corporation common stock. During 2015, Penn earns $300,000 and pays cash dividends of $100,000. Tracy should report investment revenue for 2015 of
Compute the number of shares of common stock issued and outstanding at December 31, 2018. Prepare the journal entries for each
2.15 percent per year and the inflation premium is expected to be 1.35 percent per year. What is the maturity risk premium on the 2-year Treasury security?
Prepare common size balance sheets to be used for vertical analysis for 2009 and 2008. Prepare common income statements to be used for horizontal analysis for Matt's Hats for 2007 to 2009.
Aaron McKinney is a cost accountant for Majik Systems Inc. Martin Dodd, Vice President of Marketing, has asked Aaron to meet with representatives of Majik Systems' major competitor to discuss product cost data. Martin indicates that the sharing of th..
On June 30, 2013 Blue inc leased a machine from Big leasing corporation the lease agreement qualifies as a capital lease and calls for blue to make semi annual lease payments of 281,454 over a three year lease term, payable each June 30 and December ..
Determine the cost of direct materials used during April. Refer to Jenkins Company. Using actual costing, evaluate the cost of the units completed during April and transferred to the finished goods storeroom.
A debt of 6000 will be canceled in 24 semesters with an interest of 11%, if payments are made in semesters 8, 16 and 20 of 1100 respectively. Determine balance
Prepare the necessary properly formatted general journal entries to record the transactions as shown above. You should allow for GST
What is the product of a community college? The product is not what the school offers, but what the school offers as seen through the eyes of students?
The bank requires Mr. Smith to make payments of $4,212.90 at the end of every month. How many payments will Mr. Smith have to make?
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